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Kanye West’s Yeezy Company Received a PPP Loan for Over $2 Million

Kanye West, a literal billionaire, sought a government-backed loan to pay his employees during the coronavirus pandemic. According to the Small Business Administration (via The Daily Beast), the 2020 presidential candidate (?) has received between $2 and $5 million for his Yeezy fashion line company through the SBA’s Paycheck Protection Program. The Small Business Administration’s Paycheck Protection Program was created so that companies with 500 or fewer employees could apply for loans to cover the cost of eight weeks of payroll, up to two and a half times the company’s average monthly payroll costs, with a cap of $10 million total. It’s weird to think Kanye’s “small business” was allegedly in dire need of financial support despite its expensive shoes regularly selling out, its branc...